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Fumio Kishida, former foreign minister of Japan, at his office in Tokyo earlier this month. Photo: Shoko Takayasu/Bloomberg via Getty Images

Fumio Kishida, Japan's former foreign minister, was elected leader of the country's ruling Liberal Democratic Party (LDP) on Wednesday.

Why it matters: The 64-year-old's win in the leadership election runoff means he's set to become prime minister of the world's third-largest economy, and a key U.S. ally, after a special parliamentary session on Monday, per the Washington Post.

What to expect: Kishida faces the challenge of reviving Japan's pandemic-hit economy following a lengthy state of emergency that began in April amid surging COVID-19 cases. Restrictions will finally lift for all regions this Thursday.

  • His "consensus style" should enable him to consolidate power within the divided party, Reuters notes.
  • Japan's new leader must call an election by Nov. 28.

The big picture: Kishida is succeeding Prime Minister Yoshihide Suga, who announced earlier this month that he was stepping down after serving one year in office.

  • Suga's approval rating plunged as Japan's COVID-19 cases soared during the Tokyo Olympics.
  • The 72-year-old had replaced Japan's longest-serving prime minister, Shinzo Abe, who resigned in 2020 due to health issues. Before Abe took office, the country had 17 prime ministers in 14 years.

Editor's note: This article has been updated with new details throughout.

Go deeper

Updated Oct 14, 2021 - World

Japan's new prime minister dissolves Parliament for elections

Japanese Prime Minister Fumio Kishida during an October news conference in Tokyo. Photo: Toru Hanai/Pool/Getty Images

Japanese Prime Minister Fumio Kishida dissolved the lower house of the country's Parliament on Thursday, clearing the way for elections on Oct. 31, per Reuters.

Why it matters: Kishida is seeking a mandate to govern 10 days after he was elected as prime minister by Japan's Parliament. The country faces the threat of a potential COVID-19 resurgence while trying to revive the world's third-largest economy and working with the U.S. and other allies to address security threats.

7 mins ago - Technology

Race and technology in America

Illustration: Annelise Capossela/Axios

The technology industry is famously determined to change the world — but its efforts to diversify its workforce and remove bias from its products haven't changed nearly enough.

Biden: "Being a cop today is one hell of a lot harder than it's ever been"

President Biden speaks during the 40th Annual National Peace Officers Memorial Service at the U.S Capitolon Oct. 16. Photo: Brendan Smialowski/AFP via Getty Images

President Biden speaking at the U.S. Capitol on Saturday honored members of law enforcement who died in the line of duty in 2019 and 2021 and saluted those who are currently serving.

Driving the news: "We expect everything of you, and it's beyond the capacity of anyone to meet the total expectations. Being a cop today is one hell of a lot harder than it's ever been," Biden said.